Best No Annual Fee Credit Cards – December 2025

Tangerine Money-Back World Mastercard

If you have an individual income of $60,000 or a household income of $100,000, you can choose the Tangerine Money-Back World Mastercard.

This credit card has no annual fee and offers cashback. With this limited-time welcome offer, you get $120 when you spend $1,500 in the first 3 months.

You can choose up to three spending categories that interest you (groceries, gas, home furnishings, home improvement, recurring bills, pharmacy, etc.) to earn 2% cash back! And there’s no annual cash back limit.

In addition, the Tangerine Money-Back World Mastercard comes with several insurance coverages for your purchases and travel:

• 90 days purchase insurance
• One year extended warranty
• Mobile Device Insurance
• Rental Car Collision/Loss Damage Insurance

Finally, during the first 30 days you hold the card, transfer credit card balances and pay only 1.95% interest on these balances for the first 6 months.

American Express^® Green Card

Do you want a cash back credit card with no annual fee that earns travel points? Here’s an option for you: American Express® Green Card.

By signing up for the American Express® Green Card, you can earn 10,000 Membership Rewards Welcome Bonus Points when you charge $1,000 in purchases to your Card in the first 3 months of Cardmembership. This is a $100 value for travel or any purchase on the Card.

You can also transfer your points to airline partners (Aeroplan, British Airways Executive Club, Flying Blue, etc.) and hotel partners (Marriott Bonvoy, Hilton Honors).

For example, with this welcome offer, if you decide to transfer your Membership Rewards points to a partner loyalty program, you would have the choice of earning:

• 10,000 Aeroplan points
• 10,000 Avios points
• 7,500 Flying Blue Miles
• 12,000 Marriott Bonvoy points

That’s a nice welcome bonus for a credit card with no annual fee.

You’ll also have access to online promotional offers to earn points or rebates on your purchases with this no annual fee credit card.

Like all American Express Canada Cards, there is no minimum income requirement.

Neo Mastercard^®

With the Neo Mastercard, you get $25 cash back as a welcome bonus.

Get unlimited cash back from thousands of partners. On average, you can earn up to 5% cash back at over 10,000 Neo partners across the country.

BMO eclipse rise Visa* Card

The new BMO eclipse rise Visa* Card is a no-annual-fee credit card with travel points, requiring no minimum income.

With this offer, you can earn up to 25,000 points as a welcome bonus:

• 20,000 points after $1,500 in purchases in the first 3 months
• 2,500 points when you redeem 12,000 points with the Pay with Points option over a 12-month period
• 2,500 points when you pay the balance on time for 12 months

What’s more, you can benefit from an interest rate of 0.99% on balance transfers for nine months (a 2% balance transfer fee applies).

With the new BMO eclipse rise Visa* Card, you earn :

• 5 points for every two dollars spent on recurring bill payments
• 5 points for every two dollars spent at the grocery store
• 5 points for every two dollars spent at restaurant and for takeaway
• 1 point per two dollars of purchases for all other purchase categories

You can use BMO Rewards points for all travel purchases made through theagency or website of your choice (airline tickets, hotels, car rentals, all-inclusives, Airbnb, etc.) or for rewards and gift cards on the BMO Rewards platform.

The new BMO eclipse rise Visa* Card also offers:

• Mobile Device Insurance
• Purchase Protection
• Extended warranty insurance

MBNA Smart Cash Platinum Plus^® Mastercard^®

MBNA Smart Cash Platinum Plus® Mastercard® is one of the best no-annual-fee cash-back credit cards in Canada.

With this card, you can get 2% on:

• gas purchases
• grocery purchases

Up to a monthly purchase limit of $500, and 0.5% cash back everywhere else.

For a limited time, you can earn 5% cash back for the first 6 months, a value of $150. It’s the best no-annual-fee MBNA credit card with cash back.

RBC ION Visa Card

With the RBC ION Visa card, get 7,000 bonus Avion points:

• 7,000 Avion points upon approval, which represents a value of $50 in gift cards

With this no-annual-fee RBC credit card, you earn 1.5 Avion points per dollar for :

• Groceries
• Travel, gas and EV charging
• Streaming, digital games and subscriptions

And 1 Avion point per dollar for all other purchases. Plus, save 3¢/L on gas at Petro-Canada and earn 20% more points when you pay with a linked RBC card.

CIBC Dividend^® Visa* Card

The CIBC Dividend® Visa* Card is one of the best no-fee cash-back Visa credit cards in Canada.

For a limited time, earn 5% cash back (up to 100 $) during the period covered by your first 4 monthly statements.

Plus, get :

• 2% cash back on eligible grocery purchases^†
• 1% cash back on eligible gas, electric vehicle charging, transportation and restaurant purchases and eligible recurring payments^†
• 0.5% cash back on all other purchases^†

This no-annual-fee CIBC credit card offers certain insurance coverages:

• Purchase Security and Extended Protection Insurance